September's 7.8 Jobless Rate A Boost For Obama03:56

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October 05, 2012

By Renee Montagne, Scott Horsley and Yuki Noguchi

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For the first time since President Obama took office, the unemployment rate is back at 7.8 percent, the Labor Department reported Friday. It's been above 8 percent for nearly four years. The number of new jobs added was in line with expectations — 114,000.